Important Facts About Online Conveyancing Services
Transcript of Important Facts About Online Conveyancing Services
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Important Facts About Online Conveyancing Services
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Conveyancing is the process of preparing legal documentation for the transfer of property ownership from the seller to the buyer.
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In most cases, a Conveyancing Solicitor or other licensed conveyancer is hired to take care of this responsibility.
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It's possible to find a competitively priced conveyancing service that incorporates all aspects of conveyancing including searches, enquiries and legal paperwork.
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First landmark is the exchange of contracts which involves the passing of the equitable title, the second landmark is known as completion when the legal title is passed.
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This means that the buyer is aware of any restrictions on the land as well as relevant information on land rights before purchasing.
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One of the main advantages of the conveyancing process under Scottish Law is that parties cannot drop out at the last minute. This helps both parties to avoid unwanted financial and emotional stress.